A Spokane-based space capsule launch maker with ties to local geothermal drilling technology startup HyperSciences has raised $100,000 in angel funding.

Pipeline2Space Inc. raised the six-figure venture capital amount on Nov. 16 through a combination of equity and SAFE notes from undisclosed investors, according to PitchBook, a proprietary market data software subscription platform. 

A simple agreement for future equity, or SAFE note, is a document that acts as a legally binding pledge that allows an investor to buy a specific number of shares for a pre-arranged price at some point in the future.

A representative of Pipeline2Space couldn’t be reached immediately for comment.

According to the company’s website, Pipeline2Space plans to use ram accelerator technology to enable projectiles to deliver payloads to space. 

A ram accelerator is a device that launches projectiles at high speeds using propulsion cycles similar to a jet engine.

Pipeline2Space’s device consists of an underground pipe, which fires small capsules into the atmosphere. The company’s website says it eventually will launch capsules into suborbital space.

The company claims its pricing structure for delivering materials will be less expensive than other options available in the marketplace, at $100,000 per kilogram. 

Pipeline2Space also contends its integration timeline is shorter, at up to one month, compared to six months to two years for similar companies. 

According to the Washington state Department of Revenue, Pipeline2Space is led by Mark Russell and Charles Russell, who are CEO and director, respectively, at HyperSciences.

According to PitchBook, Pipeline2Space was founded in 2014 and is based in the HyperSciences headquarters, at 2311 E. Main, in East Spokane.